There is a lot of emotion in buying property at any time, but possibly even more so with the current unpredictability and uncertainty of the property market. In this blog we cover the top five things to consider when buying property to help you get that perfect balance between making a smart decision and securing a deal before other buyers swoop in.
If you’re thinking of buying a property off the plan there are a few extra considerations you need to take into account before you sign.
There are a lot of different reasons why your property needs to go on the market. A common one at the moment is combating rising interest rates that might have you toeing the line on your income and expenses.
There are some key conditions that a home buyer can select when an offer for a property first goes in. These include: Subject to finance and subject to building/inspection. There are special conditions available too, including for those who are buying a home that is currently rented. When putting in an offer on a home, look at your options (usually checkboxes) and make sure you fill in the ones relevant to your purchase. You can ask your conveyancer for advice, or speak to the real estate agent about what the considerations are and how they work.
If you are looking to downsize, now is definitely the time to do it, with big properties being snapped up and multiple smaller properties on the market giving ample choice to those downsizing, with far less competition from your main rivals – first home buyers – than there was a year ago.
If you are buying a property that shares land with other owners, which is the case with buildings such as apartments, units, townhouses, and even some houses, it’s important to know which title it comes under: Strata or company. Understanding the bigger picture is important for making a quality decision on how you buy and what the terms and conditions are. It’s also important to check local regulations as legalities differ, depending on which state or territory your property is located in.
Knowing your home’s unique features is also important. Buyers will be looking for a property with personality and intrigue, so helping key features stand out will draw attention and increase interest. If you have something no other property offers they will be keen to jump on before missing out.
The most important thing with any property purchase, whether for occupancy or investment, is caution. Letting emotions like excitement or fear-of-missing-out cloud your judgment can stop you from asking important questions and seeing the issues that lay beneath the facade. This blog aims to uncover some of the most popular property myths so you know to tread extra carefully as you continue your property hunt and avoid buyer remorse.
As climate change prevention becomes more of a priority for local governments it seems logical that we’ll start seeing more regulations come in to enforce cleaner living, as well as the ongoing incentives to take up solar power solutions. One area where energy efficiency is being ramped up is real estate.
After a long and biting winter Aussies are eager for some summer sunshine. One thing I love about summer is that exercising and outdoor activities become a lot more fun. Longer days and lots of warmth really motivate you to get outside and get some fresh air, or, if you are lucky enough to have a backyard swimming pool, a cool dip, and a splash with your family or as part of a weekend BBQ gathering.
NSW Conveyancing Licence No. 06003420
VIC Conveyancing Licence No. 002111L
